StockMarketWire.com - Specialist wealth manager Mattioli Woods said it had acquired Pole Arnold Financial Management from its shareholders for up to £7 million.

The sale price included an initial consideration of £4 million and payments of up to £3.0 million dependent on meeting performance targets in the two years after completion.

Mattioli Woods said said Pole Arnold was a firm of financial advisers, established in 2012 and providing advice to about 360 private and corporate clients.

Based in Leicester, it had about £245 million of assets under management and advice and employed 16 staff.




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